TO THE QUESTION ABOUT HUMAN CAPITAL INFLATION
The category of “human capital inflation”, which is proposed to under-stand the reduction in the value of human capital, is considered. The authors substantiated the quantitative assessment of human capital inflation, obtained by using a dynamic analysis of the human development index, developed and compiled by the United Nations Development Program. The human develop-ment index was calculated for 80 regions of the Russian Federation based on data from the Federal State Statistics Service. A quantitative assessment of human capital inflation was obtained based on the results of the calculation of the human development index. The authors revealed and considered the levels of human capital inflation: micro level, meso level, macro level and mega level.
Keywords: human capital, human development, human development in-dex, macro level, inflation, human capital inflation, human capital theory, knowledge economy, economic growth.
Highlights:
the methods of calculating the human development index were applied;
the author`s understanding of the category “human capital inflation” was presented and justified;
the levels of human capital inflation, where it is possible to analyze its reduction, were determined;
a quantitative assessment of human capital inflation was described.
Regina P. Yakunina, a post-graduate student, an assistant at the Human Re-sources Management Department of the Institute of Management, Economics and Finance of Kazan (Volga) Federal University; Gleb A. Bychkov, a Master`s degree student, Gothenburg University of Sweden, a post-graduate student of Kazan (Volga) Federal Uni-versity.